Dollar Weakens Against Yen,
Europe Currencies After Data

NEW YORK -- The dollar weakened against the yen and failed to hold onto its gains against major European currencies after weak U.S. data added weight to the outlook of a soft landing for the economy.

Meanwhile, a surprise quarter-percentage-point rate rise by the Reserve Bank of Australia, the country's central bank, to a cash rate of 6.25% had a moderately positive effect on the Australian dollar.